SYCAL VENTURES BHD
KLSE (MYR): SYCAL (9717)
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Last Price
0.20
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Profile
SYCAL VENTURES BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSTRUCTION CONSTRUCTION
Subsector: CONSTRUCTION CONSTRUCTION
Index Group: CONSTRUCTION CONSTRUCTION
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: No No
Short Sell Flag: No No
IDSS Flag: No No
Description
Sycal Ventures Bhd is an investment holding company primarily engaged in the construction industry. The company has three reportable segments: Construction, Property development and Manufacturing and Trading. Construction includes civil and building construction works. Property development is engaged in property development, property management, and consultancy. Manufacturing and trading consist of manufacturing and trading in ready-mix concrete and trading in building materials. The firm develops projects for government and private sector including low-rise and high-rise housing, infrastructure, landmark buildings, universities, hospitals and commercial developments. The group operates in Malaysia.
Address
Lot 4.03A, 4th Floor Plaza Prima, 4 1/2 Miles, Kuala Lumpur, 58200, Malaysia
+60379839099
Discussions
2 people like this. Showing 50 of 1,270 comments
This counter is truely overlooked such a high nta and making good profit trading so cheap .
What a gem
2020-04-29 12:46
hello, jaynetan, good to see you here! So, looks like this counter will be rewarding just like VSolar!
2020-07-15 21:50
oh p99 meet you again here.
nice
sycal attracts me.
buying some to try my luck
13/07/2020 10:45 AM
2020-07-16 00:42
Would be nice to retire early and healthy! Just wonder what you think of dolphin international as it is also doing right issues to acquire Uncle Don. Ex-date 23 July. It's quite active trading now.
2020-07-16 10:14
market active many cash calls. to be cautious , i only prefer minimum risk which is in favor of me and able to shoulder the downside.
i wait see .
in the mean time, i prefer sycal with several self satisfaction reasaons, or shiok sendiri only.
just a laugh
2020-07-16 10:51
Would you mind to share your reasons for sycal? Just as a reference, as I should do my homework too! Cheers
2020-07-16 11:44
Thanks, and iIndeed, the fund to be raised will be mainly used in the housing and condo projects which look good to me. I know of this ICPS thing just now and the share price now is about 3-5 sens higher than last week when the price was less than 20sen, so I lose out a bit, but this extra 3-5 sens when spread over the 15 ICPS is just about 0.3 sen/ICPS. With egm on 6 Aug means the ex-date will be soon. Conclusion: I will definitely buy too.
2020-07-17 22:45
I am hopeful that these ICPS thing will bring the good profit just like the VSolar right issues:)
2020-07-17 22:48
The rm 20 m subscription of icps by major share holders to be a good catalyst
2020-07-20 21:40
hi Jaynetan, i understand abt RI, but i still dun understand abt ICPS, can you teach me, i also want to retire earlier thanks
2020-07-20 22:52
a few types of loan stocks
icps , rcps are two fo them
icps, irredeemable convertible preference shares.
2020-07-21 05:13
Sweng88 and all, Below is copied from Bursa Announcement. Pls check there for more details.
The Proposed Rights Issue involves the issuance of up to 6,244,866,420 ICPS on the basis of 15 ICPS for 1 Share.
Based on the Conversion Mode, the ICPS can be converted into new Shares at the Conversion Price in the following manner:
(a) by surrendering for cancellation twenty (20) ICPS for conversion into one (1) new Share
(“Conversion Ratio”) (“Conversion Mode 1”); or
(b) by surrendering for cancellation one (1) ICPS together with a cash payment of RM0.19 for one (1) new Share (“Conversion Mode 2”).
2020-07-28 12:44
Each ICPS costs 1 sen to subscribe.
In short, if you choose Conversion MOde 2, you get 1 share by paying 1sen +19sen=20sen. Now the price is 26sen, so potentially major earning.
Jaynetan, is this the main idea?
2020-07-28 12:50
This stock actually got potential. Sudden breakout takut. Btw, I'm staying in one of the properties they built, really not bad actually.
2020-08-31 17:48
Yes, although the icps stuff got postponed. Demand for housing seems moving up....
2020-12-13 10:49
@BabyAce Thanks for sharing Sycal properties not bad, giving us more confidence to hold.
2020-12-13 10:53
ICPS called off, see announcement 30 march. It says the Perak project is making" net development proceeds of 24mil"....looks like it can do without the ICPS, that's why called off! Can expect share price up sooner or later?
2021-04-01 20:15
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Bursamaster, and all, any comment or latest update for this?
2019-10-17 13:00